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BBCNEWS Breakfast June 4, 2024 06:01:00

When drinkers gather at london s king charles pub this evening, there will be a new tax regime in place. changes announced in march come into effect today taxing stronger drinks more and weaker drinks less. at the same time, alcohol duties rise with inflation up by 10.1%. the result a complex series of changes. 12% sparkling wine will be 19p cheaper as higher rates for fizz are abolished. a can of pre mixed gin and tonic will be 5p cheaper. but a bottle of 12% still wine will rise 44p. a bottle of vodka up 76p and a bottle of 20% port up £1.30. so among drinkers, there will be some winners and losers. but the wine and spirits industry, which sees many of its products hit with higher taxes, says customers will see higher prices and less choice. we have the biggest duty increase ....

South West London , Alcohol Duties , March Come Into Effect , Tax Regime , King Charles Pub , 10 1 , 5p Cheaper , 1 30 , Pub Industry ,

BBCNEWS Verified Live June 4, 2024 16:43:00

Around 80p per bottle, so a significant rise for sure. i think when you combine that with all the other increases in costs that we ve seen recently, then it leaves producers in a position where most are going to have to pass that increase on to their customers. so, yeah, it ll definitely have an effect. alcohol taxes are being reorganised to tax drinks according to their strength. and, after a freeze for nearly three years, alcohol taxes as a whole rise with inflation up 10.1%. result a complex brew of price changes. 12% sparkling wine will be 19p cheaper, as higher rates for fizz are abolished. a can of pre mixed gin and tonic will be 5p cheaper. but a bottle of 12% still wine will rise 44p, a bottle of vodka up 76p and a bottle of 20% port up £1.30. the wine and spirit trade association says it represents the biggest price increase for nearly 50 years. ....

Alcohol Taxes , 10 1 , 5p Cheaper , Wine And Spirit Trade Association , Price Increase , 1 30 ,

BBCNEWS BBC News June 4, 2024 04:01:00

More and weaker drinks less. at the same time, alcohol duties rise, with inflation up by 10.1%. the result? a complex series of changes. 12% sparkling wine will be $0.19 cheaper as higher rates for fizz are abolished. a can of pre mixed gin and tonic will be $0.05 cheaper, but a bottle of 12%. still, wine will rise $0.44, a bottle of vodka up $0.76 and a bottle of 20% port at £1.30. so among drinkers, there will be some winners and losers. but the wine and spirits industry, which sees many of its products hit with higher taxes, says customers will see higher prices and less choice. we have the biggest duty increase in almost 50 years, at the same time as we have inflation rife and a cost of living crisis. on top of that, we have raw materials like glass that are increasing ....

Alcohol Duties , 10 1 , 40 19 , E 44 , 50 05 , 50 44 , 1 30 , 10 76 , Cost Of Living ,

BBCNEWS Breakfast June 4, 2024 05:01:00

Our reporter ben king has the details. when drinkers gather at london s king charles pub this evening, there will be a new tax regime in place. changes announced in march come into effect today taxing stronger drinks more and weaker drinks less. at the same time, alcohol duties rise with inflation up by io.i%. the result a complex series of changes. 12% sparkling wine will be i9p cheaper as higher rates for fizz are abolished. a can of pre mixed gin and tonic will be 5p cheaper. but a bottle of 12% still wine will rise 44p. a bottle of vodka up 76p and a bottle of 20% port up £1.30. so among drinkers, there will be some winners and losers. but the wine and spirits industry, which sees many of its products hit with higher taxes, says customers will see higher prices and less choice. ....

Ben King , South West London , March Come Into Effect , Tax Regime , King Charles Pub , Alcohol Duties , Rio I , 5p Cheaper , 1 30 , Pub Industry ,

National Beverage (NASDAQ:FIZZ) Downgraded by StockNews.com to "Hold"

StockNews.com cut shares of National Beverage (NASDAQ:FIZZ – Free Report) from a buy rating to a hold rating in a research note published on Monday. National Beverage Stock Performance Shares of National Beverage stock opened at $53.00 on Monday. The company has a market cap of $4.95 billion, a P/E ratio of 34.64 and a […] ....

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